2025-05-29T11:16:38-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2024-01-01 522101165 CITY FIRST ENTERPRISES INC CITY 2027454490 1701 RHODE ISLAND AVE NW 3-103 WASHINGTON DC 20036 OSWALDO ACOSTA PRESIDENT & CEO 2027454490 2025-05-29 1 1 DAYLE R DALLING P01695822 6102324810 2024 2025-03-06 01:10:19Z OSWALDO ACOSTA 1701 RHODE ISLAND AVE NW STE 3-103 WASHINGTON DC 20036 15260987 0 X CFENTERPRISES.ORG X 1998 DC CITY FIRST ENTERPRISES IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SPECIALIZING IN FLEXIBLE LENDING FOR AFFORDABLE HOUSING, COMMERCIAL REAL ESTATE, SMALL BUSINESSES, NON-PROFITS, CLEAN ENERGY, AND HOMEOWNERSHIP. WITH A MISSION TO CREATE EQUITABLE FINANCIAL SOLUTIONS TO SUPPORT PEOPLE AND COMMUNITIES IN ACHIEVING THEIR ECONOMIC ASPIRATIONS, WE ENVISION A FUTURE WHERE ALL PEOPLE AND COMMUNITIES TRANSFORM THEIR FUTURES THROUGH EQUITABLE ACCESS TO CAPITAL. 11 10 26 0 0 0 18832191 11716215 0 0 2307418 3255551 324840 289221 21464449 15260987 16874962 8631152 0 0 2635404 2744111 0 0 210250 711727 715154 20222093 12090417 1242356 3170570 68106525 74225691 41017234 43848033 27089291 30377658 X CITY FIRST ENTERPRISES IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SPECIALIZING IN FLEXIBLE LENDING FOR AFFORDABLE HOUSING, COMMERCIAL REAL ESTATE, SMALL BUSINESSES, NON-PROFITS, CLEAN ENERGY, AND HOMEOWNERSHIP. WITH A MISSION TO CREATE EQUITABLE FINANCIAL SOLUTIONS TO SUPPORT PEOPLE AND COMMUNITIES IN ACHIEVING THEIR ECONOMIC ASPIRATIONS, WE ENVISION A FUTURE WHERE ALL PEOPLE AND COMMUNITIES TRANSFORM THEIR FUTURES THROUGH EQUITABLE ACCESS TO CAPITAL. 0 0 11039585 8631152 MANAGED PORTFOLIO OF DEPLOYED FUNDS IN SUBORDINATED LOANS TO NONPROFITS, SMALL BUSINESSES, GREEN ENERGY, AND AFFORDABLE HOUSING ORGANIZATIONS WITHIN THE GREATER WASHINGTON METROPOLITAN COMMUNITY, AS WELL AS PROVIDE TECHNICAL ASSISTANCE AND CREDIT COUNSELING TO BORROWERS. CONTINUED CREATION OF PERMANENTLY AFFORDABLE HOUSING BY WHOLLY OWNED SUBSIDIARY. 11039585 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 41 0 1 26 1 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X OSWALDO ACOSTA PRESIDENT AND CEO 2027454490 1701 RHODE ISLAND AVE NW STE 3-301 WASHINGTON DC 20036 DR WILLIAM LONGBRAKE DIRECTOR 1.00 0.00 X 0 0 0 CHUCK MUCKENFUSS DIRECTOR 1.00 0.00 X 0 0 0 PRIYA JAYACHANDRAN DIRECTOR 1.00 0.00 X 0 0 0 LORI CHATMAN DIRECTOR 1.00 0.00 X 0 0 0 AMBER KUCHER BELL DIRECTOR 1.00 0.00 X 0 0 0 ESTRELLA LUCERO DIRECTOR 1.00 0.00 X 0 0 0 BRIAN ARGRETT CHAIRMAN OF THE BOARD 1.00 0.00 X 0 0 0 DAVID MCGRADY VICE-CHAIRMAN OF THE BOARD 1.00 0.00 X 0 0 0 SHANNON SCOTT TREASURER 1.00 0.00 X 0 0 0 MARY ANN DONOVAN SECRETARY 1.00 0.00 X 0 0 0 OSWALDO ACOSTA PRESIDENT AND CHIEF EXECUTIVE OFFICER 40.00 0.00 X 362606 0 0 RODRIGO CORDON CHIEF OPERATING OFFICER 40.00 0.00 X 191461 0 0 JONATHAN REYES CHIEF LENDING OFFICER 40.00 0.00 X 168370 0 0 STEPHANIE MEYER CHIEF CREDIT OFFICER 40.00 0.00 X 148242 0 0 SHANNON NYS FORMER DIRECTOR OF FINANCE & ACCOUNTING 40.00 0.00 X 157447 0 0 1028126 0 0 5 1 1 0 0 11716215 11716215 3255551 3255551 OTHER REVENUE 900099 289221 289221 289221 15260987 0 0 3544772 8631152 8631152 2326682 1624520 532536 169626 234586 163366 54124 17096 182843 125945 43736 13162 37656 37656 48300 48300 99382 99177 205 296284 165239 130550 495 143000 101998 31131 9871 42381 42381 27417 27417 STAFF TRAINING 20734 20734 12090417 11039585 840582 210250 21466755 14625175 123393 117152 38831659 52981676 100738 176115 82252 29702 79967 52550 5620619 5903631 24087 24087 1859307 345305 68106525 74225691 309799 555604 12868297 7211579 17051 21659 27605000 35355000 217087 704191 41017234 43848033 X 26850133 30238794 239158 138864 27089291 30377658 68106525 74225691 3170570 117797 0 X X 0 1 X 1 1 1 X 12113218 39826094 53554233 18832191 11716215 136041951 12113218 39826094 53554233 18832191 11716215 136041951 136041951 706015 970713 17390 2307418 3255551 7257087 143299038 0.94940 0.96520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 82252 29702 52550 52550 PRE-DEVELOPMENT FUNDING COMMITMENT 110718 DUE TO DISTRICT OF COLUMBIA 307457 UNFUNDED COMMITMENT LIABILITY 63683 LEASE LIABILITY - OPERATING 222333 704191 X 15547620 286633 286633 15260987 0 15260987 12377050 286633 286633 12090417 0 12090417 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THIS RETURN. 1 FIRST CHOICE CONSTRUCTION INC 1818 NEW YORK AVE NE SUITE 220 WASHINGTON DC 20002 770712650 0 750000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES AMERICANTINA LLC 3203-3205 MOUNT PLEASANT STREET NORTHWEST WASHINGTON DC 20010 612033674 0 375000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES 1037 30TH ST NW LLC 3207 PORTER ST NW WASHINGTON DC 20008 993754099 0 433500 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES ONE KARE ENTERPRISE LLC 10 G ST NE SUITE 600 WASHINGTON DC 20002 463702586 0 750000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES OAK AT MORSE STREET LLC 5207 SHERIER PL NW WASHINGTON DC 20016 993393872 0 387500 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES WALTER REED MF PARTNER LLC 1800 M STREET NW WASHINGTON DC 20036 883711692 0 750000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES SPD CONTRACTING INC 2714 GEORGIA AVENUE NW WASHINGTON DC 20001 824905348 0 750000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES REGINA'S REAL ESTATE HOLDING COMPANY LLC 1225 GOOD HOPE RD SE WASHINGTON DC 20020 920969282 0 300000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES SHUKBUILT LLC 4444 CONNECTICUT AVENUE NW 105 WASHINGTON DC 20008 994969571 0 325000 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES HEIDI DC LLC 30 RIDGE SQ NW APT 705 WASHINGTON DC 20016 995129547 0 239750 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES BELLA MARKET LLC 1804 D STREET NE WASHINGTON DC 20002 464414614 0 212500 CASH SUPPORT FOR EQUITY IMPACT ENTERPRISES 0 11 X 0 0 0 0 0 0 0 0 0 OSWALDO ACOSTA PRESIDENT AND CHIEF EXECUTIVE OFFICE 315806 0 46800 0 0 0 0 0 0 0 362606 0 0 0 RODRIGO CORDON CHIEF OPERATING OFFICER 180664 0 10797 0 0 0 0 0 0 0 191461 0 0 0 JONATHAN REYES CHIEF LENDING OFFICER 161845 0 6525 0 0 0 0 0 0 0 168370 0 0 0 SHANNON NYS FORMER DIRECTOR OF FINANCE & ACCOUNT 147447 0 10000 0 0 0 0 0 0 0 157447 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP AT BROADWAY FINANCIAL CORPORATION - BRIAN ARGRETT, DAVID MCGRADY, MARY ANN DONOVAN, WILLIAM LONGBRAKE. BUSINESS RELATIONSHIP AT CITY FIRST HOMES INC. - OSWALDO ACOSTA, BRIAN ARGRETT, DAVID MCGRADY, SHANNON SCOTT, MARY ANN DONOVAN, WILLIAM LONGBRAKE, CHUCK MUCKENFUSS, PRIYA JAYACHANDRAN, LORI CHATMAN, AMBER KUCHER BELL, ESTRELLA LUCERO. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS RETURN. AUDIT COMMITTEE IS GIVEN A COPY OF RETURN TO REVIEW. AUDIT COMMITTEE SUBMITS COMMENTS TO MANAGEMENT. MANAGEMENT DISCUSSES RETURN WITH TAX PREPARER TO INCORPORATE ANY CHANGES; FINAL DRAFT PREPARED & DISCUSSED WITH AUDIT COMMITTEE. THE FINAL DRAFT, REFLECTING ANY NECESSARY CORRECTIONS, IS PROVIDED TO THE BOARD FOR REVIEW AND FINAL APPROVAL; THEN THE RETURN IS FILED BY THE PREPARER. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS FOR CONFLICT OF INTEREST ISSUES THAT ARE REFERRED TO ITS LAWYERS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPARABLE PAY DATA, CONSIDERS QUALIFICATIONS OF THE CANDIDATE(S) AND FORMALIZES ITS COMPENSATION DECISIONS THROUGH A FORMAL BOARD OF DIRECTORS VOTE THAT IS RECORDED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PARI XII, LINE 2C CITY FIRST ENTERPRISES INC. MAINTAINS AN AUDIT COMMITTEE THAT HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. ADDITIONAL INFORMATION CITY FIRST ENTERPRISES IS A NON-PROFIT BANK HOLDING COMPANY ENGAGED IN PROMOTING EQUITY AND OPPORTUNITY IN UNDERSERVED COMMUNITIES. THROUGH THE HOLDING COMPANY AND OUR CITY FIRST HOMES SUBSIDIARY WE PROVIDE CAPITAL THAT IS BROADER AND MORE FLEXIBLE THAN BANK LENDING TO SUPPORT HOUSING, SMALL BUSINESS AND COMMUNITY FACILITIES IN LOW AND MODERATE INCOME COMMUNITIES, AND WE OPERATE PROGRAMS DESIGNED TO PROMOTE AND SUSTAIN PERMANENTLY AFFORDABLE HOUSING. CITY FIRST ENTERPRISES ALSO OWNS A MINORITY STAKE AND CONTROLLING INTEREST IN CITY FIRST BANK, A FOR-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION CHARTERED BY THE OCC WHICH SHARES OUR MISSION. WORKING TOGETHER, THE CITY FIRST FAMILY OF COMPANIES STRIVE TO DELIVER CAPITAL AND SERVICES THAT CAN ENABLE DISADVANTAGED INDIVIDUALS, FAMILIES AND BUSINESSES ACROSS OUR MARKET AREA TO PROSPER. CITY FIRST HOMES INC 1701 RHODE ISLAND AVE NW WASHINGTON DC 20036 262335395 TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING. DC 501(C)(3) 509(A)(2) CITY FIRST ENTERPRISES INC 0 BROADWAY FINANCIAL CORPORATION 5055 WILSHIRE BOULEVARD SUITE 500 LOS ANGELES CA 90036 954547287 BANK HOLDING COMPANY THAT CONDUCTS OPERATIONS THROUGH CITY FIRST BANK DC C 0.09300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 CITY FIRST HOMES INC Q 147791 CASH